Custom Scalper Buy/Sell - Page 2

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Custom Scalper Buy/Sell

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07-03-2007, 02:44 AM

biegea

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Custom Scalper Buy/Sell

Hi everyone,

I'm new to this forum but I thought I'd try to make a small contribution while I can. What I'm including here (if my upload goes as planned) is my current best effort at the TTM Scalper Buy/Sell -- the indicator that paints a white bar on the recent high or low, 3 bars after it happens.

In my analysis, 95%+ of the bars that get painted appear to be valid and accurate bars. Once in awhile, it's not the lowest or highest bar that is painted, but rather...

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TTMSCALPERALERT.ELD (6.6 KB, 181 views)

#10 (permalink)

By cooter on 08-01-2007, 05:11 PM

Re: TTM Scalper Buy/Sell

I stand by my original comment, which was summarily deleted for some reason:

Another lagging indicator. It paints the past. Nothing special here.

#11 (permalink)

By biegea on 08-01-2007, 09:50 PM

Re: TTM Scalper Buy/Sell

	Quote:	nelo
	Unfortunately, the original TTM indicator does not paint bars in a correct way. It cheats. It paints bars in the past. I did not see this one, since I do not have tradestation and picture was not attached. I use Neoticker and things like painting bars in back are not allowed because in reality you will never see the chart like that real time. What looks great on a screenshot is impossible to trade. If you paint that bar which you should, the actual bar when the signal happens you will find out the indicator is useless. This will save you a lot of valuable time and if you were considering buying the TTM original also money.

True - it paints in the past, but TTM acknowledges this, and John Carter still considers it valuable -- it typically paints 2-3 bars after the fact but recognizes what some would argue is a conditional change in the state of the market.

Thanks to all who have commented on this thread. It appears a more recent submission may be exactly the same as JC's. I have not validated it yet but at least one other forum meber has and says it's great.

Good luck to all,
biegea

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